Texas Real Estate Property Management Final Exam 2023 Test Questions With Correct Answers Elaborated

_____________________________ will be required by most courts prior to a lawsuit in a civil matter {Ans: Mediation}Peter Property Manager installs a keyed deadbolt lock on one of the French doors in one of his units but puts nothing on the other door. Is Peter in compliance? yes, he only has to install the security device on one door yes, because he has used a keyed deadbolt no, he must put another deadbolt on the other door no, he must install another acceptable locking device on the other door {Ans: no, he must install another acceptable locking device on the other door}What does federal law prohibit landlords who lease housing built prior to 1978 to do? Provide a lead hazard information pamphlet to renters Include lead notification language in rental forms Conceal any known lead-based paint hazards Maintain records of compliance for three years {Ans: Conceal any known lead-based paint hazards}In risk management the property manager balances the desired result with the _________ likelihood of occurrence cost of management owner's financial plans tenant's needs {Ans: cost of management}Which of the following would not be a primary function of a property manager? To prepare a CMA To maintain